Advanced Care Medical
LEHI, UT
Advance Care’s mission and business strategy is to provide better, more consistent, comprehensive care solutions by vertically integrating urgent care facilities with ancillary services and new technologies. The intended outcome is to provide a broader continuum of patient care at a lower cost and generate significantly higher operating margins.
Property Information
- Tenant: Advance Care Medical
- Location: Lehi, UT
- Property Type: Freestanding, Medical
- Building Size: 3,500 Square Feet
- Purchase Price: $4,903,200
- Cap Rate: 6.00%
Lehi, Utah
Lehi is home to Silicon Slopes where there are typically more cranes in the skyline on any give day than the rest of the state of Utah. Lehi’s recent growth has been in single family homes and commercial development. The region encompasses a cluster of IT, software development, hardware manufacturing, and research firms along the Wasatch Front.
About Tenant In Common
Tenant in common or TIC ownership allows two or more people to hold an ownership interest in a property. Each property owner or business
entity holds its own separate stake in the property and receives a deed.Their interests do not have to be equal.
This Millcreek Commercial property has the following characteristics:
- Property is offered debt-free
- Long-term, corporate-guaranteed lease
- Satisfies IRS requirements for 1031 exchanges
Office | 801.899.1943
Lease Information
- Lease Guarantor: Healthcare Solutions Holdings Inc
- Initial Lease Term: 20 Years
- Rent Increases: 2% every year
- Renewal Options: Two 5-year Extensions
- 20 Year Average Return: 7.25%
